#Community #BASIC #DAFI. [DAFI & BASIC to explore the possibility to issue synthetic tokens].
04 Mar 2021, 09:01
#Community #BASIC #DAFI
[DAFI & BASIC to explore the possibility to issue synthetic tokens]
We are thrilled to announce the collaboration between BASIC and DAFI Protocol to carry out a strategy on the release of synthetic tokens to be applied in platform. Accordingly, BASIC is planning to review the possibility to utilize DAFI's dTokens to develop a new collateral release model that will be applied to the loan system. The Synthetic Tokens are going to be issued in a limited amount with the timely restriction in order to protect their value from initial inflation. Subsequently, the tokens are planned to be allocated to long-term users with the increase in the network demand. DAFI Protocol creates synthetic tokens to reward long-term network users, solving the biggest issue within decentralized economies - by rewarding long-term users, rather than the short-term ones. As a matter of fact, DAFI is planning to expand its partnership network to the Korean market in the future and establish a Korean community.